đ Bitcoin has not broken above $62,000 since August 3 and is down 11% over the past 30 days. Meanwhile, the S&P 500 is up 1% and is just 1% away from its all-time high.
đ Investors expect a 0.50% rate cut to boost risk markets like Bitcoin. Professional traders use options strategies to maximize returns and minimize risks.
đ Concerns about Kamala Harris' commitment to the crypto industry and the Fed's actions with Customers Bank have dampened investor sentiment.
đ With a 25% chance of the Fed cutting rates by 0.50% on September 18, many believe the market will explode. Traders are turning to 'risk reversal' strategies to protect against price swings.
đ This strategy helps protect against downside risk and maximize profits when BTC prices rise. Discuss your strategies in the comments! đ
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